Continuously the price is facing resistance from the level of 122 and the price has failed to close above the level of 122. But today we have a very weak negative candle. So, the trend is negative with weak strength. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Today we got the same move as we discussed on yesterday. Now the price has broken the support of 126 but we have a hammer candle. For tomorrow the volatility could be high. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
For 3 consecutive trading sessions the price is strongly rejected by the level of R1-130. Still the price is trading in the positive zone. There is no change in the structure and in levels. For tomorrow the intraday range is 130 to 136 and 126 to 122. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Today we have an indecisive candle in the positive zone. The probability of gap up or gap down is very high. But there is no change in the structure. For tomorrow the intraday range is 130 to 136 and 126 to 122. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
There is no change in the structure and the price has failed to close above 130. But the price is still in the positive zone. For tomorrow the intraday range is 130 to 136 and 126 to 122. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
During the convergence of bands the price has given the break of structure on the upper side. For tomorrow the intraday range on the upper side is 130 to 136 and on the down side is 126 to 122. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Today we have a gravestone doji candle, which has been formed after a move of 23%. Also the price is in a compression zone. The price could test the support level S1-122 and if broken then S2-110.45 Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
The price is trading in the compression zone or in the neutral zone. For intraday the levels of S1-122 and R1-130 are important to watch. Above 130 - Uptrend Below 122 - Downtrend. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
The price is rejected by the LTMA band. The probability of a red candle is high, more than 60% on the probability scale. The level of 120.75 is important to consider for tomorrow's intraday trade. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Today we have an indecisive candle with a high of 1,514,20. The price has made a triple top pattern. Tomorrow's candle will clear whether the price has respected the pattern or not. Trade accordingly. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
There are two main levels to watch one is S1-120.75 and the other is R1-131.55 And today the price has managed to close above the S1. Also keep in mind above 131.55 we will be in a positive trend and below this level we are in a negative zone. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Today's huge red candle has changed the structure dynamically. The next important level to watch is the demand zone of 95 to 100. But for sure we could see high volatility until the price has not settled down. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Today we have a gap up opening of more than 4% and the price has closed on the resistance level. Wait for the price to settle down. CMP:137 R1:137 | R2:142.90 S1:123.50 | S2:119 Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
A bullish hammer candle has been formed and given the breakout of the compression zone. Also the degree and nature of separation in both bands indicate the start of an uptrend but we need a confirmation candle. CMP-129.45 R1-131.55 S1-123.50 Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Another Inverted Hammer Candle shows the weakness in the price. The price is being strongly rejected by the levels of 130. The probability of a strong bearish candle is more than 70%. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Today we have an inverted Hammer candle. The price is trading in the compression zone. The probability on the down side is more than 50%. CMP-128.05 The price could test the levels of 123.50 And if reversed then the level of 131.55 is important. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Trend - Positive Strength - Medium Probability > 50% Today we have a red candle with High High and High Low. The price could test the level of 137. CMP : 128.20 Resistance : 137 Support-1 : 123.50 Support-2 : 119 Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Trend - Neutral Probability on Downside > 60% Zone - Compression CMP - 126.45 Breakdown Level - 124.60 S1 - 123.50 | S2 - 122.40 Resistance - 128 Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.